Red Robin Gourmet Burgers' CEO to Retire

Paul Murphy, President and Chief Executive Officer of Red Robin Gourmet Burgers, intends to retire at the end of 2022 when his employment agreement expires. He will be assisting the board as they search to identify a successor and will remain as a special advisor until March 31, 2023, to work with the board and his successor to ensure a smooth transition of leadership.

Murphy is an experienced veteran of the restaurant industry having begun his career at Bennigan’s and subsequently held multiple leadership assignments at brands including Einstein/Noah Restaurant Group, Del Taco Restaurant Group, and Noodles & Company. He joined Red Robin in October 2019 and advised the Board at the time that it was his intention to serve for three years as a transitionary leader to quickly improve operating execution and overall performance.

Murphy has led the company during one of the most tumultuous eras in the history of the restaurant industry. During his tenure, Murphy has been able to restore in-restaurant operating execution, manage the onset and impact of the COVID-19 pandemic and the growth of off-premises sales, implement an enhanced service model, secure a new five-year credit facility, and lead the brand to improving overall performance as the industry continues to recover. These efforts have positioned the Company to continue executing its strategic plan to create long-term value for shareholders with focused initiatives around people, the guest experience, food quality and innovation, a digital ecosystem, and the rollout of Donatos pizza.